Deals
Google Bid for Motorola Mobility Climbed 33% Before Agreement
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Google Inc.’s bid for Motorola Mobility Holdings Inc. climbed by 33 percent from its opening offer before being accepted by the handset maker, a Motorola Mobility filing released today shows.
On Aug. 1, Google made an initial offer of $30 per share, a bid that was countered by Motorola Mobility’s advisers with word that it was seeking $43.50 per share, the document shows. Google raised its bid to $37 a share on Aug. 9, and on the same day lifted it again, to $40, according to the filing with the U.S. Securities and Exchange Commission.